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1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, including the purpose and intent of the ownership arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Subject Matter of Ownership: Detailed description of the asset(s) or property being subject to ownership
5. Ownership Structure: Clear delineation of ownership rights, percentages, and type of ownership
6. Consideration: Details of payment or other consideration for the transfer of ownership
7. Transfer of Ownership: Process and mechanics of how ownership will be transferred
8. Representations and Warranties: Statements of fact and assurances from all parties regarding their capacity and the asset(s)
9. Sharia Compliance: Declarations and provisions ensuring compliance with Islamic law principles
10. Registration and Documentation: Requirements for official registration and documentation of ownership
11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction
12. Notices: Process for formal communications between parties
13. Signature and Execution: Formal execution requirements and signature blocks
1. Foreign Ownership Provisions: Required when any party is a non-Saudi entity, addressing specific foreign ownership requirements and restrictions
2. Co-Ownership Rules: Required for multiple owners, defining rights, responsibilities, and decision-making processes
3. Exit Provisions: Optional section detailing procedures for transferring or selling ownership interests
4. Profit and Loss Sharing: Required for business ownership agreements, detailing distribution of profits and losses
5. Management Rights: Optional section for complex ownership structures requiring management provisions
6. Dispute Resolution: Optional detailed procedures for resolving disputes, including arbitration provisions
7. Force Majeure: Optional provisions for unforeseen circumstances affecting ownership rights
8. Intellectual Property Rights: Required when ownership includes intellectual property assets
1. Asset Schedule: Detailed inventory and description of all assets covered by the agreement
2. Ownership Certificate: Copies of existing ownership documentation and certificates
3. Due Diligence Reports: Reports confirming the status and condition of the owned assets
4. Payment Schedule: Details of payment terms and installments if applicable
5. Registration Documents: Copies of required registration forms and supporting documentation
6. Shareholder Information: Details of shareholders/owners including KYC documentation
7. Regulatory Approvals: Copies of necessary governmental or regulatory approvals
8. Property Plans and Surveys: Required for real estate ownership, showing boundaries and details of property
Applicable Law
Assets
Business Day
Closing
Closing Date
Consideration
Effective Date
Encumbrance
Force Majeure
Governing Law
Government Authority
Intellectual Property Rights
Liabilities
Licensed Activities
Material Adverse Effect
Ownership Interest
Ownership Rights
Parties
Property
Purchase Price
Regulatory Approvals
Related Party
Representatives
Saudi Arabian Law
Securities
Sharia
Subsidiary
Tax
Term
Territory
Third Party
Transfer
Transaction Documents
Working Hours
Definitions and Interpretation
Sale and Purchase
Ownership Structure
Purchase Price
Payment Terms
Transfer of Title
Conditions Precedent
Completion
Representations and Warranties
Covenants
Sharia Compliance
Foreign Ownership
Regulatory Compliance
Due Diligence
Registration Requirements
Indemnification
Confidentiality
Force Majeure
Assignment
Termination
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Waiver
Costs and Expenses
Counterparts
Real Estate
Manufacturing
Retail
Technology
Financial Services
Professional Services
Construction
Healthcare
Education
Energy
Transportation
Hospitality
Legal
Corporate Affairs
Compliance
Real Estate
Operations
Finance
Risk Management
Commercial
Business Development
Investment
Property Management
Legal Counsel
Corporate Lawyer
Business Development Manager
CEO
Managing Director
Property Manager
Investment Director
Compliance Officer
Real Estate Manager
Operations Director
Chief Financial Officer
Company Secretary
Commercial Director
Asset Manager
Risk Manager
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